Canadian Apartment Properties REIT
CAR.UN (TSX)
Canadian Apartment Properties REIT (CAR.UN), recognized as Canada's largest residential REIT, offers a compelling monthly dividend yield of 6.63%. Despite a challenging 1-year return of -3.97% and a 5-year decline of -19.60%, it remains undervalued, positioning itself as a strong candidate for investors seeking reliable income and growth potential. With a B- analyst rating, CAR.UN is attractive for those looking to benefit from ongoing demand in the Canadian housing market.
Pros:
- High dividend yield
- Large portfolio of residential properties
Cons:
- Negative 1-year and 5-year returns
- Market volatility risk
Canadian Apartment Properties REIT (CAR.UN) may be suitable for income-focused investors who prioritize monthly dividends and are willing to tolerate short-term volatility in pursuit of long-term growth potential in the Canadian housing market. However, potential investors should carefully consider its recent performance trends and overall market conditions before making a decision.